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SBD/February 28, 2012/Franchises
MLB, Frank McCourt Down To Seven Bidders In Dodgers Sale Process
Published February 28, 2012
PARKING WOES: In L.A., T.J. Simers notes former Dodgers Vice Chair Steve Soboroff has some "advice for McCourt: Sell the parking lots, fearing now that if McCourt does not, a new owner will make the same mistake Soboroff did in believing he can overcome it." Soboroff said, "People think it's just going to be better around here because Frank is gone, but it can be 50 times worse." Soboroff added, "I'd tell him to sell the parking lots to the new owner. What's the best-case scenario under the lease agreement for the parking lots? No problems. The worst case is horrendous. You have a landlord-tenant relationship; you have a rental relationship; developmental relationship" (L.A. TIMES, 2/28). Also in L.A., Steve Dilbeck wrote one thing "you have to give McCourt, he always said it was the team and stadium that were for sale, and not the surrounding parking lots." Still, the assumption "was always that that was largely a negotiating ploy to squeeze hundreds of millions more out of the sale." Dilbeck: "I still would love it if all the bidders pulled out if McCourt insisted on retaining the parking lots, but it’s not like I hold out actual hope. As wildly pricey as the property is, it is the team that holds the greatest value" (LATIMES.com, 2/24). However, in California, Howard Cole wrote McCourt "is not now, nor was he ever going to keep the parking lots." Cole: "Yes, I get that McCourt would love to keep the land, and revel even more so in the satisfaction that he’s screwed Major League Baseball one last time. But the bottom line will win out. Greed is good, remember, and it trumps making a statement of some kind, especially when no one’s listening" (OCREGISTER.com, 2/27).